United States UoM 5-year Consumer Inflation Expectation climbed from previous 3.5% to 3.9% in September

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Editors’ Picks
EUR/USD holds above 1.1700 after US sentiment data
EUR/USD continues to trade in a tight range above 1.1700 in the American session on Friday. The disappointing UoM Consumer Sentiment Index data from the US limits the US Dollar’s gains and helps the pair hold its ground heading into the weekend.
GBP/USD stays near 1.3550 as USD recovery loses steam
GBP/USD fluctuates in negative territory near 1.3550 in the second half of the day on Friday. The US Dollar struggles to preserve its recovery momentum following the weaker-than-expected consumer confidence data and allows the pair to find support.
Gold clings to small daily gains near $3,650
Gold regains its traction and holds on to marginal gains near $3,650 on Friday. The disappointing consumer sentiment data from the US causes the USD to lose strength and supports XAU/USD ahead of next week’s critical Fed policy meeting.
Global inflation watch: Tariff pass-through still in progress
Inflation picked up speed in August across major economies, though still very moderately. Inflation expectations continue to diverge between the US and the rest of the world. In the US, tariff costs are slowly making their way through the economy, but impact on final consumer prices has so far been limited.
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